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The World Bank projected that China's GDP growth will return to its pre-pandemic level by 2021, to accelerate to 7.9 per cent next year, improving from a 2 per cent growth in 2020, as consumer spending and business investment continue to catch up, along with improving corporate profits, labour market conditions and incomes, according to the bank's latest report on Wednesday.
Although the growth rate remained unchanged from the bank's projection in the summer, the new report suggested navigating near-term uncertainty, which will require an adaptive policy framework calibrated to the . . .
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